1. Which of the following is NOT a step in Money Laundering?

 Placement
 Layering
 Spending
 Re-Integration

2. Which Employees should be trained in AML?

 Loan Officer/originators

 Underwriters

 Processors

 Only A and C

 A, B, and C

3. WHICH OF THE FOLLOWING IS A HIGH RISK ACTIVITY?

 money transfers to unknown third parties

 a customer purchasing a car from a local garage

 a loan for home improvements

 printing a statement for a customer

4. Disclosing that an investigation is being contemplated on the customer’s account is considered as:

 Tipping off

 Layering

 Suspicious transaction reporting

 Failure to disclose

 Integration

5. Failure to report suspicious activities can result in penalties or legal action against you and your
Company.

 True
 False